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I have been trading the YM but looks like I might be taking a 1st shift job in the near future. I like the action of the YM and ES. I am looking for a market that I can trade after work. I am guessing that if there is a good market for night time trading, the action or liquidity won't be as good as the YM or ES in the day time. I am open to any suggestions even if they are not Index futures.
SGX FTSE China A50 Index futures traded on Singapure exchange(SGX) average daily volume 280000 contracts. Its tradet 1x of index, tick size 2,5 and has value 2,5usd . This index is copying CSI300 futures on China Financial Futures Exchange (CFFEX). trading hour on (CFFEX) are 9 to 11:30 and than from 13:00 to 15:00 Singapur, China time your time between 20:00 to 02:00. SGX FTSE China A50 Index futures it has trading time from 9:00 to 15:55 main trading time but between 11:30 to 13:00 index is not moving becose its copying movment from CSI300 futures and again activity begin on 13:00 to 15:55.
Obviously you're looking at the Asia market at that point. I would add beyond the Singapore exchange options, you also have the Nikkei, either directly with the Japanese derivative or the CME dollar denominated version NKD.
Then currencies of course, AUDUSD, NZDUSD, USDJPY, EURJPY, GBPJPY.
Sounds like with your preference for YM, the 6A Aussie contract may be worthwhile to look into.
If you are looking for markets to trade after working a 9-5 job in the US. You will look mostly at Asian markets because Europe would be opening around 1am or 2am which will screw up your sleep.
As mentioned earlier, there are the contracts traded out of Singapore: Nikkei, Taiwan Index, China A50, Nifty, Simsci.
Hong Kong has Hang Seng and H-Shares which can trade with big intraday ranges. Depending on your broker the intraday margins are quite high, like $5k to trade 1 lot intraday.
Korea has Kospi. But few brokers in the US offer it.
Japan has a bigger Nikkei contract than the one in Singapore. Also JGBs and Topix which are big notional size contracts, a tick can be worth $100 USD, depending on exchange rate.
Australia has the SPI and Aussie 10yrs, 3yrs and bank bills. Because of the daylight savings, these markets can open up much earlier than the rest of the Asian markets.
One of the considerations is who your quote provider is. Singapore and Australia you can get data from Kinetick and IQ feed, but for the other markets, I think you can get data from esignal which I am not sure of the quality of. Otherwise you can get it from CQG. A lot of Asian brokers do order routing with CQG.
